Find .Crypto Domain Worth It…The answer is no, you do not own your domain name outright, however regulations and policies typically protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain name to be seized. You’re leasing it from the domain registry and they have complete control over what happens with your domain name. I’ve talked about this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you do not own your domain. It’s in fact difficult to own a traditional domain. You might have observed, I stated standard domain because a company’s working on a new kind of domain name that you can own outright. I had the opportunity to interview Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I simply believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a conventional domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to buy a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain at any given time. Now, this is technically exceptionally rare, but it is possible. And it raises a rising issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a pc registry comparable to like a Verisign. The class structure is very various since once we have actually sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer system registry not to alter costs or take the domain away from you in the future.. Our domain are one-time costs, so you never ever need to worry about it. Once you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t edit or update or take the football far from you as soon as you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In terms of us starting, it was a little much easier for us to kind of handle the whole user experience and construct all these special tools.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be truthful, I still struggle with some of the principles of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.